Investors will listen closely to Federal Reserve Chairman Jerome Powell's speech on Tuesday, searching for clues on what's next for monetary policy.
and stocks rallied. Many view the appearance as an opportunity for Powell to offer more clarity on where rates are headed, or clarify some comments made after last week's 25 basis point rate hike.
"I think you will likely see an attempt to perhaps dampen some of the reaction to the statements in the press conference," Grant said. Earnings season presses on Tuesday with results from Chipotle, DuPont and Royal Caribbean. So far this season, a little over half of S&P 500 companies have reported earnings, with about 69% surpassing expectations, according to FactSet data.Pinterest shares fall on weak outlook, revenue missfor the current quarter and posted a fourth-quarter revenue miss.
The company shared earnings of 29 cents a share on revenue of $877 million. Analysts had anticipated EPS of 27 cents on $886 million in revenue. Pinterest also said it expects revenues to grow in the low single digits for the first quarter over last year, slightly below the 6.9% growth expected by analysts.— Samantha Subin, Jonathan VanianThese are some of the stocks moving the most during after-hours trading.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NZD/USD stays defensive above 0.6300 amid New Zealand holiday, Fed’s Powell eyedNZD/USD remains depressed as it flirts with a short-term key support around 0.6300 during early Monday in Asia, following a downside gap to begin the
Read more »
Stock futures slide to start week with more earnings and a Powell speech aheadU.S. stock futures were lower to start trading as investors awaited more earnings and an important speech from Federal Reserve Chairman Jerome Powell.
Read more »
First Mover Asia: Bitcoin Not Ready to Soar as Investors Await Fed Chair Speech, More EarningsBitcoin dipped below $23K during weekend trading before rallying slightly. ALSO: With crypto prices surging, venture capital investment could increase in the blockchain space, but will VC firms learn from their past mistakes? TheSamReynolds writes
Read more »
Asian Stock Market: Bears in command as China stocks see the red, Fed concerns propel yieldsAsian Stock Market: Bears in command as China stocks see the red, Fed concerns propel yields – by anilpanchal7 Asia RiskAppetite Equities China Fed
Read more »
US Dollar Index: DXY bulls take a breather around 103.00 as Fed Chair Powell’s speech loomsUS Dollar Index: DXY bulls take a breather around 103.00 as Fed Chair Powell’s speech looms – by anilpanchal7 DollarIndex RiskAppetite NFP Fed China
Read more »
Sandy Powell Becomes First Costume Designer To Receive BAFTA FellowshipBritish costume designer Sandy Powell will be honoured at this year’s BAFTA Film Awards with a Fellowship – the arts charity’s highest honour, and the first time it has gone to a costume desi…
Read more »